Gold X2 Enters Into Property Purchase Agreement
Gold X2 Enters Into Property Purchase Agreement
VANCOUVER, B.C., October 28, 2025: Gold X2 Mining Inc . (TSXV: AUXX / OTCQB: GSHRF / FWB: 8X00)
(“Gold X2” or the “Company”) is pleased to announce that Gold X2 has entered into a property purchase
agreement dated October 20, 2025 (the “Purchase Agreement”) with an arms length party (the “Vendor”)
pursuant to which Gold X2 will acquire from the Vendor all of the rights, title and interests in and to the
mineral exploration property known as the Coldstream Claims (the “Property”) located in the Province of
Ontario (the “Transaction”).
The proposed acquisition will add 939 hectares, further consolidating Gold X2's land position and enhancing
exploration potential across the Shebandowan Greenstone Belt.
Figure 1: Gold X2 land position in the Shebandowan Greenstone Belt
In consideration of the Property, the Company paid the Vendor an initial cash payment of $200,000, and on
or before the date that is 12 months from the effective date, the Company will pay the Vendor a final cash
payment of $200,000. Commencing from the execution of the Purchase Agreement until completion of the
Transaction, the Company will act as the operator of the Property.
Upon completion of the T ransaction the Company will grant the Vendor a 2% net smelter returns royalty
(the “NSR Royalty”) with respect the Property. The Company will have the right to re-purchase from the
Vendor 1% of the NSR Royalty for $500,000 within 30 days of commercial production.
About Gold X2
Gold X2 is a growth-oriented gold company focused on delivering long -term shareholder and stakeholder
value through the acquisition and advancement of primary gold assets in tier- one jurisdictions. It is led by
the ex-global head of structural geology for the world’s largest gold company and backed by one of Canada’s
pre-eminent private equity firms. The Company’s current focus is the advanced stage 100% owned Moss
Gold Project which is positioned in Ontario, Canada, with direct access from the Trans -Canada Highway,
hydroelectric power near site, supportive local communities and skilled workforce. The Company has
invested over $75 million of new capital and completed approximately 100,000 meters of drilling on the
Moss Gold Project, which, in aggregate, has had ove r 255,000 meters of drilling. The 2024 updated NI 43 -
101 mineral resource estimate (“MRE”) has expanded to 1.54 million ounces of Indicated gold resources at
1.23 g/t Au, contained within 38.96 million tonnes and 5.20 million ounces of Inferred gold resour ces at
1.11 g/t Au, contained within 146.24 million tonnes. The MRE only encompasses 3.6 kilometers of the 35+
kilometer mineralized trend, remains open at depth and along strike and is one of the few remaining major
Canadian gold deposits positioned for development in this cycle. Please see NI 43 -101 technical re port
titled: “Technical Report and Updated Mineral Resource Estimate for the Moss Gold Project, Ontario,
Canada,” dated March 20, 2024 with an effective date of January 31, 2024 available under the Company’s
SEDAR+ profile at www.sedarplus.ca. For more information, please visit SEDAR+ ( www.sedarplus.ca) and
the Company’s website (www.Gold X2.com).
For More Information – Please Contact:
Michael Henrichsen
President, Chief Executive Officer and Director
Gold X2 Mining Inc.
W: https://goldx2.com/
T: 1-604-404-4335
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements regarding Forward-Looking Information
This news release contains “ forward-looking information ” within the meaning of applicable Canadian
securities legislation. All statements, other than statements of historical fact, are forward- looking
statements and are based on expectations, estimates and projections as at the date of this news release.
Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions, future events or performance (often but not always using phrases such as
"expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget",
"scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or
stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur
or be achieved) are not statements of historical fact and may be forward-looking statements
In this news release, forward-looking statements relate to, among other things, statements regarding: the
Transaction; the anticipated timeline for completing the Transaction; terms and conditions pursuant to
which the Transaction will be completed, if at all; the anticipated benefits of the Transaction including; and
that Gold X2 will act as operator of the Property until completion of the Transaction. These forward-looking
statements are not guarantees of future results and involve risks and uncertainties that may cause actual
results to differ materially from the potential results discussed in the forward-looking statements.
In respect of the forward -looking statements concerning the Transaction, Gold X2 has relied on certain
assumptions that it believes are reasonable at this time, including assumptions as to the ability of the parties
to receive, in a timely manner and on satisfactory terms, the necessary regulatory exchange and other third
party approvals required for completion of the Transaction, that Gold X2 will have the required resources to
complete the Transaction; that the Purchase Agreement won't be terminated early; that Gold X2's plans to
complete the Transaction will not change . Accordingly, read ers should not place undue reliance on the
forward-looking statements and information contained in this news release concerning these times.
Risks and uncertainties that may cause such differences include but are not limited to: the risk that the
Transaction may not be completed on a timely basis, if at all; the conditions to the consummation of the
Transaction may not be satisfied; the risk that the Transaction may involve unexpected costs, liabilities or
delays; the possibility that legal proceedings may be instituted against the Gold X2, the Vendor and/or others
relating to the Transaction and the outcome of such proceedings; Gold X2 may fail to have the required
resources to complete the Transaction the possible occurrence of an event, change or other circumstance
that could result in termination of the Purchase Agreement. Failure to obtain the requisite approvals, or the
failure of the parties to otherwise satisfy the conditions to or complete the Transaction, may result in the
Transaction not being completed on the proposed terms, or at all. In addition, if the Transaction is not
completed, the announcement of the Transaction and the dedicat ion of resources of Gold X2 to the
completion of the Transaction could have a material adverse impact on each of Gold X2 ’s share price, its
current business relationships and on the current and future operations, financial condition, and prospects
of Gold X2.
Gold X2 expressly disclaims any intention or obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise except as otherwise required by
applicable securities legislation.